Cushman & Wakefield Arranges $107M Financing for Logistics Center in New Jersey

×

Error message

  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

A Cushman & Wakefield team of John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, November 24, 2021
Information
Tags: 
Commercial Building & Real Estate, Construction & Property, Cushman & Wakefield, Maritime Industrial Services, NYSE, Twitter, CWK, Acquisition, PCCP, Warehouse
Geotags: 
NEW JERSEY, United States, BAYONNE, WAKEFIELD, PORT, BROOKFIELD
⚠ generated by AI ↴
Organisation: 
CUSHMAN & WAKEFIELD
Summary
Key Points: 
  • A Cushman & Wakefield team of John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower.
  • The Bayonne Logistics Center Building 100 will be a state-of-the-art, 332,640-square-foot industrial complex.
  • Cushman & Wakefield's more than 1,000 Logistics & Industrial Services professionals around the world provide local market expertise and strategies for manufacturing, logistics, warehousing and supply chain.
  • Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners.


Cushman & Wakefield (NYSE: CWK) announced that the real estate services firm served as the exclusive advisor to Lincoln Equities Group and PCCP in the procurement of $107.4 million in acquisition and construction financing for the Bayonne Logistics Center – Building 100 in Bayonne, New Jersey. The loan was provided by Brookfield.

A Cushman & Wakefield team of John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower.

The Bayonne Logistics Center – Building 100 will be a state-of-the-art, 332,640-square-foot industrial complex. The site consists of approximately 45.4 acres of trophy portside property and represents one of the last remaining industrial redevelopment opportunities of scale in the NY/NJ Port market. Construction is expected to be completed in October 2022.

“This financing represented a compelling opportunity for lenders, given the location and strength of the industrial market in the Port region,” said Alascio. “We are thrilled for our clients on this execution.”

Cushman & Wakefield's more than 1,000 Logistics & Industrial Services professionals around the world provide local market expertise and strategies for manufacturing, logistics, warehousing and supply chain. According to Cushman & Wakefield research, Q3 2021 was another record-breaking quarter for the U.S. industrial market, with demand, rents and the construction pipeline continuing to reach new heights.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Copyright: 
Copyright Business Wire 2021